Notice 2018 06 information reporting health coverage | KPMG | US

IRS extends health coverage information reporting deadline for employers, providers

U.S. information reporting, health coverage

The IRS today released an advance version of Notice 2018-06 that provides additional time for certain entities to provide 2017 health coverage information forms to individuals.

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Notice 2018-06 [PDF 32 KB] provides a 30-day extension—until March 2, 2018—for insurers, self-insuring employers, other coverage providers, and applicable large employers to provide Form 1095-B, Health Coverage, and Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, to individuals for 2017. The original due date was January 31. 

Notice 2018-06 also extends good-faith transition relief from section 6721 and 6722 penalties to the 2017 information-reporting requirements under sections 6055 and 6056. 

As explained in a related IRS release (IR-2018-209), the 30-day extension is automatic. Because of the extension, individuals may not receive their Forms 1095-B or 1095-C by the time the individual taxpayers are ready to file their 2017 individual income tax return. While information on these forms may assist in preparing a return, the forms are not required to file an individual income tax return. The IRS release explains that individual taxpayers can prepare and file their returns using other information about their health coverage. They do not have to wait for Forms 1095-B or 1095-C to file. 

The IRS noted that the due dates for filing 2017 information returns with the IRS are not extended. For 2018, the due dates to file information returns with the IRS are:

• February 28 for paper filers 

• April 2 for electronic filers 

 

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